NEOS Investment Management LLC Grows Stake in Simon Property Group, Inc. $SPG

NEOS Investment Management LLC raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,677 shares of the real estate investment trust’s stock after buying an additional 15,638 shares during the quarter. NEOS Investment Management LLC’s holdings in Simon Property Group were worth $26,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPG. PFG Investments LLC lifted its stake in Simon Property Group by 2.2% in the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 50 shares during the period. WPG Advisers LLC raised its holdings in Simon Property Group by 40.3% in the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 52 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC lifted its position in shares of Simon Property Group by 1.2% in the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC lifted its position in shares of Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 55 shares during the period. Institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPG. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Thursday, July 9th. Scotiabank lifted their price objective on Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a research report on Thursday, August 20th. Stifel Nicolaus upped their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. LADENBURG THALM/SH SH increased their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Evercore set a $215.00 target price on Simon Property Group in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $228.14.

Insider Transactions at Simon Property Group

In related news, Director Marta Stewart purchased 182 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the acquisition, the director directly owned 18,000 shares of the company’s stock, valued at $4,016,880. The trade was a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glyn Aeppel purchased 243 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.36 per share, with a total value of $54,276.48. Following the transaction, the director owned 21,067 shares in the company, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by corporate insiders.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $209.49 on Friday. The company has a 50 day simple moving average of $222.53 and a two-hundred day simple moving average of $208.46. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 3.19 and a beta of 1.28. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.